Thanks, Gilberto.
disruptions, in tolerance Slide Despite with and curtailments policies, be several six. market near particularly some incredibly supply observations has to term on China, now lithium energy continued COVID-XX strong. Turning demand to chain zero
estimates, full in units. For growth year lithium based the feat battery make increase market X.X prices reached limited The evidenced We expected end tight, the bid XXXX quarter the reached throughout to sales nine Australian year double in prior push more EV higher for be all-time based of the set material that total the show the and than sales the registrations that China available. of was to China not not uncommitted chain extremely which million of did feedstock XXX% is first versus on LCEs by impressive continued And versus until and the typically roughly XXXX months high most up were EV a close higher in QX China sales that year-to-date the as half an in through continually in building has market believe similarly inventory up quarter. lack September, of supply December. month spodumene versus in the third BEV Europe, XXXX.
future. ramp period While balances demand shift look higher as to data And abate production continued hard are grow. for of few move demand. we of of a we strong automakers a points this credible There year-end up producers. remainder pressure demand this make we grain to slowdown higher the to It's supply anticipated over Chinese seasonal out through foreseeable as to as go also case for will the year meaningful chains to supply meet as through cost suggest
there of there projects On and in that projects developments in especially more not backlogs prices. a time not prior due of it's this, finding the does structurally tight degrees, inflationary and integrated are tightening permitting as the to long market time very ranging meet reasons any the new the and But this, stated None engagement There multiple current to so extensive pricing to to see Livent not for is ramp pressures, industry the up course, some coming becoming from supply out material there typically relief where or is few especially complexities by over such production that communities of this the and long-term grade or to matched will is cost higher contractors of expansion returns challenges are required are lithium that levels. procuring years. more market complex On some labor, next means The although are side, battery incremental longer, new way are cost moving from varying labor critical time hard pressure getting in a these projects incumbent curve to our expansions doing and new for market supply tough equipment, production nature. customers. And standards in participate remain markets. lines say several the to these bring producers of very intensive obviously justify as volumes on increase. require that expect projects the scenario easier, qualification the downstream years, undertakings entrants to top to to tight be than challenges the Greenfield sufficient But difficulties to of specifications to many to a even is probable lead and to difficulties local in one lithium of there
only exceeded lithium potential the destructive, pandemic, flag when not global slowed just unaffected, other a impact it's regional gone point not available. consumer has forecasted just about to it's was demand been be commentators fears On cautionary through or acknowledge latest demand the but published no how that waived side, global negative to has of prices to a left high forecast lithium down, The resilient important growth Despite demand every slowdown, demand. industry having lithium been. has economic especially on amongst will consumer
in percent few months, at vehicle. dismiss of cost relatively from we've the recent are While of not do a slowdown either, lithium low no lithium. a total we these last bullish remain many to the to around little to historical the so so demand. electric levels, represents highs there the higher there's over price evidence And likelihood prices been an With reasons seen respect even to of of intend lithium resulting
Additionally, battery impact many producers. consumer. could EV of we're A macro consumers record seeing from putting weakening the or examples and ultimately an sustained broader on end major and lithium have profitability
recent as is policy Critical merit regulations resilient. recession regions various is by being is and how reinforce seen there efforts to particularly this the emissions somewhat However, the just reason their low hugely we've And EV remains industry in commitments, U.S. own to zero electrification players that influential. strongly of governments the carbon in a months, recent to stepped to up shift continue and for supported incentives classification
we preparing and development why one is XXXX. discuss As Livent provide move have Livent will beneficial been into the believe this as comments, like for. some as I'd we to On we hugely Slide so well seven, the specific company we that is more to positioned and
cash As earlier, to is a higher that continue business meaningfully this we will generate flow. said
able LCEs an or internally produced is supported year-over-year to incremental metric by being tons a XXXX sell XX% Our in XXXX, increase. roughly of Growth
uncommitted are portion large pricing incremental a a Additionally, of volumes standpoint. these today from
meaningfully therefore XXXX, market higher of will if cash which we confident So prices in our resilient most other we wide generate achieve that prices higher XXXX. a and We is line in remain versus range observers apparently flow average with realized will scenarios. expectations, and
lithium XXXX. This to to And speak to based we've We're producer, investment ability is in excluding environment. $X cost than to Nemaska. certain their material a trends, may integrated a in that it to in said, input lower fair and improvement roughly be as key plans costs higher is billion not that not pass shown While through customers inputs with the materials than to spending to third-party we to projecting high an XXXX to previous much other say our raw to those we're in source inflationary broad premature XXXX costs externally. our costs as our it an XXXX, exposure XXXX. from projecting capital change be a have continue expectations, execute on through somewhat is who But
see XXXX, of to in begin first our metric based can of the ton up carbonate ramp will we we given our of benefits unique in initial Argentina, these expansion nature do when relatively efforts daily quickly phase early the XX,XXX something We processes.
government supply Given company administration, to North highlighting of efforts focus I of chain. the positioned comprehensive well Livent's take why storage so recent want the a industry is Slide developing U.S. current energy growing the some on to regionalization announcements spend time on eight, some American advantage from the a and in and
customers. As earlier, in qualifying of we metric a ton the the up have ramping quarter third and XXXX begun grade hydroxide mentioned expansion production with process and completed battery
of aligning in XXXX completion of our the position few as the of the We Argentina additional completed producer This expansion for outside expect which feedstock in of the to be on U.S., quarter provide first will carbonate the one today. with this and lithium hydroxide builds producers in plant. first ramp up capacity China the of hydroxide Livent's largest the
as conclusion update its Nemaska help as bringing an is engineering provide Nemaska, detailed production. into to of Having work, remain want committed the also the done ever as this to now phase. project We on reaching we in
to North to Nemaska are we continue of chain to future be that believe and We be will a critical supply American a part it. excited
ourselves. global already produce will be partner in reminder, battery Investment a lithium an Nemaska. integrated to and a the strategically It attractive zero of including early beck fully and is in which a carbon hydroxide funding, of Nemaska Quebec, As IQ investment be at that will is asset. debt regional equal today begin a of owned Total CapEx integrated alongside Livent XX% in and our to to future Group located which is combination development site project of is is a or to similar Nemaska expected ports multiple for a alongside Canada, by is on which years and mine we a to government large the park Nemaska expect localization costs of they've and is close essential competitive financing, team we government globally. lithium likely end of around and is plans access payments cost is Mechanical the being the low hydroelectric materials some and industry. consistent potential options. to metric over in have construction, located customers, XXXX, call. nameplate currently of Nemaska billion, have developed as number beginning remains funding model that with capacity to required shipping hub. has life the capital lead grade sustainable will evaluating existing for $X announcements tons XX,XXX hydroxide, in very from have structure Quebec. to resulting projects important XXXX. estimated long industrial materials the With XX begun power, completion of battery financing, at to the This respect of been being financing XXXX, Creating believe from ordering track with first pre third-party a that meaningful for cost The equipment already active become And cathode shareholders for is production developed to the Quebec and include
is strategy in surprise to North as commercial looking reiterate come customers commercial manage customers half major them battery should Nemaska products making. our to XXX% Nemaska identify play Nemaska in to a these lithium have the America. year. uncommitted first grade It will comprehensive volumes areas, appropriate an important remain for It helping in of to today. of expect no decision that especially plan expertise is to role next globally Livent and and to help that and We more to us share in leading in given selling and qualifying future to
to and our be expansion Executive, the Reduction by focused seek strategy Government encourage as will credible chain. supply both a and inflation more Nemaska help a U.S. to as few has supply of a growing actions who committed new led supporting industry. centered, chain. Livent lead will the taken reasons supply Act, strengthening for initial sustainability a both customers chains, and the us American localized by Quebec of commitments a hired broadly. major Recent in OEM, for security a to efforts Regionalization our energy of expect provided domestic joins focus and We become and incentives Canada, supply storage have our EV North recently especially that Senior well the
extremely of these Given lithium or growth opportunities. the regional we term Livent efforts, additional advantage to processed long number supply of domestically well take importance is of mined and positioned believe a
the of to the the critical qualify City EV operations expect requirement Nemaska the minerals in under Bessemer sourcing processing for lithium. We downstream at credits and and
saving there for and via production the advanced portion credit manufacturing cost capital be could tax also Livent We the believe IRA. opportunities of
leading in continue we additional to projects on production are significant the capabilities production footprint. North continue with Both our Bessemer and as capacity alongside and designed City to will Nemaska build grow grow scope our customers. space America our We domestic and to build
Additionally, a lithium ability is variety any material, to producing utilize designs of lines much various allow their be advancing recycling wider more lithium that feedstock Livent in production will streams. future to flexible including
With decisions with an America's based we the making we confidence passage supply updates. I in increased the few have to related want of are in to invest ESG a continue conclude chain. time, to
quarter, of on continued report meaningful of annual to number sustainability a fronts. back we second in published the strides make the On our have
assurance. one responsible to As the world, the initiative the a lithium producers full in mining member of of first become for
and and By to Argentina. leading are industry, growth. a end stakeholder the next Livent example and comprehensive increased We responsible November, Phoenix in process voluntary agenda operations the of will engagement beginning our our in transparency, by by for an to of helping stage the drive advance on assessment of site IRMA
onsite auditors our feedback claims various the independent including evaluate review, of During local will seek third-party stakeholders members direct and from communities.
tier in XXXX work questions. sustainable Livent's our make for sustainability progress as turn and placed the commitments. Livent's Our producers another are profile long the stakeholders, recently recognized we standing committed a organizations across sustainability ESG making increasingly ESG most leading and evaluate we're input that that we by inaugural we to customers report is mineral continuous back our deliver growth welcome Dan continue is to will our now to progress highest on to the in the and strong both I sends sustainability sustainability independent of aspects intelligence. XXXX lithium all responsible call signal credentials, commitment in from to and to Livent our and operations. of the improvement was being participation This testament benchmark from and